Auction Property Details

1 Armley Road, Liverpool, L4 2UN

Lot 34 - 02.06.2016

AVAILABLE AT £82,500

WHY BUY?
4 x self contained flats
Currently producing £15,480pa
Potential for improvement
Good rental area

DESCRIPTION
This is a large end terrace property that has been configured to provide 2 x studio, 1 x one bedroom and 1 x two bedroom flats. All of the flats are currently tenanted and producing £1,290pcm/£15,480pa, but that could be increased if some updates are made at the property. Flat 3 has just undergone a small scheme of refurbishment and has recently been let, but the other 3 x flats have long standing tenants in place. Ideal as a long term investment with potential yield returns of over 20%.

LOCATION
On the corner of Armley Road and Priory Road in a popular residential area with plenty of shops within walking distance. Liverpool City Centre is only 3 miles away.

ACCOMMODATION
Flat 1 - Ground floor - bedroom/living room, bathroom, kitchen - £274.99pcm
Flat 2 - First floor - bedroom/living room, bathroom, kitchen - £300pcm
Flat 3 - First floor - bathroom, living room, kitchen, bedroom - £390pcm
Flat 4 - Second floor - bedroom 1, bathroom, living room, bedroom 2, kitchen - £325pcm

 

Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.